Locked content Uncertainty around Iran may affect Polish złoty

The geopolitical tension around Iran may cause investors’ aversion to the Polish złoty, head of sales and education at CMC Markets Maciej Leściorz said. There are speculations that President Trump may soon announce new sanctions on the Ayatollah state. The EUR/PLN exchange rate on Thursday mor...

Locked content Orlen orders crude oil from Iran

WSE-listed fuel group Orlen will receive a spot delivery of 130k metric tons of Iranian crude oil mid-April, the company said in a market filing. “Diversification is our priority when it comes to oil purchases. We are always looking for new directions and solutions, remembering that we must effectiv...

Locked content PAIH: exports to Iran increased fivefold since embargo ended

After trade sanctions against Iran were lifted last year, the value of Polish exports increased fivefold, while imports grew six times, Tomasz Pisula, president of the Polish Investment and Trade Agency (PAIH) said. According to the Central Statistical Office (GUS) data, in 2015, Poland exported goo...

Locked content Ursus signs deal with Iranian company

WSE-listed tractor producer Ursus signed a memorandum of understanding with Iran Tractor Manufacturing Company on cooperation in use of tractor components, joint production of engines to markets both firms operate on and broad technological dialog, the company said in a market filing. “The memorandu...

Locked content Lotos looking for long-term oil supply deal with Iran

State-controlled oil refiner Lotos is interested in securing a long-term supply deal with Iran once it expands its Gdańsk refinery next year, its chief executive said. Lotos signed an agreement in 2016 with National Iranian Oil Company for the delivery of 2 million barrels of oil and is in talks to ...

Locked content Poland’s national chamber of commerce to work closely with Iran

The National Chamber of Commerce of Poland (known as KIG) announced in a press release on Thursday that it will embark on an economic mission to Tehran during the first week of March of this year in order to connect Polish enterprises with potential Iranian partners. The mission will also consist of...

Locked content Lotos close to signing new crude oil deal with Iran

Poland’s second biggest refiner Lotos may sign a long term deal on crude oil supplies from Iran, deputy CEO Marcin Jastrzębski announced during an economic forum in Krynica on Wednesday. “More or less within a week we will know results of test runs of Iranian oil. If results are good, I&...

Locked content Development Ministry aims to open office in Iran

Poland aims to open a trade office in the capital of Iran, Tehran, at the beginning of the next year, deputy Development Minister Radosław Domagalski-Łabędzki said. “This year we have started the process or registering a trade office in Tehran and it will be one of the first of this kind opera...

Locked content Lotos receives oil from Iran

Grupa Lotos has received two million barrels of crude oil from Iran it had bought in a one-off purchase. The cargo was delivered by two carriers: the Atlantas Very Large Crude Carrier (VLCC), which set sail from Iran on June 27 and the calida carrier/ The delivery is a result of the accord between G...

Locked content Lotos buys 2 mln barrels of oil from Iran

Grupa Lotos has confirmed rumors that it has bought 2 million barrels of crude from Iran in a one-off purchase. The cargo will be delivered by the Atlantas Very Large Crude Carrier (VLCC), which set sail from Iran on June 27. Energy Minister Krzysztof Tchórzewski said the the transaction is a move t...